Ascensus, whose technology and expertise help millions save for a better future, announced that Nick Good, a 25-year financial services industry veteran with tremendous experience leading business growth both in the U.S. and internationally, will become President of the company, effective September 5, 2023.
Good will report to David Musto, who will continue to serve as Chair and CEO of Ascensus.
Good’s appointment comes at a time of sustained growth and expansion for Ascensus. As a premier enabler of tax-advantaged saving solutions, the company serves more than 15 million savers and services more than $720 billion in assets under administration. Over the last several years, the company reached a variety of important servicing milestones, including more than 150,000 retirement plans, 6.5 million 529 education savings accounts, 535,000 state-facilitated retirement plan accounts, and 140,000 non-qualified retirement plan accounts.
As president, Good will work directly with the company’s line of business presidents and the Digital, Marketing & Analytics center of excellence, focusing on client success, accelerating commercial activities, business development and partnerships, cross-business opportunities, and overall business performance.
He will be based in the company’s Newton, Massachusetts office.
“Nick’s appointment as president is a strategic investment in our future,” said Musto. “He offers a wealth of leadership experience and is well-versed in growing and optimizing businesses amidst the rapidly changing dynamics of our marketplace today. We look forward to bringing his deep insights and perspective to our company, and to the benefit of all we serve at Ascensus.”
“Ascensus brings a wealth of insights, technology, and expertise to the market, but equally as important in my mind is the enduring impact of its corporate character and mission as an organization,” said Good. “Its Core Values align easily with my own, and I am delighted to be joining such a talented and committed leadership and associate team. I look forward to helping Ascensus continue to deliver exceptional outcomes for partners, clients, advisors, and savers, and achieve even greater success.”
As chair and CEO, Musto will devote more of his time to overall leadership of the Ascensus organization, talent and culture, strategic investment and growth, enhanced delivery of enterprise capabilities, and technology and solution innovation. Consistent with this focus, he will continue to directly oversee the company’s Service & Operations; Technology; Corporate Development; Finance; Human Resources; and Legal, Risk & Compliance centers of excellence.
SOURCE: PRNewswire